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Oil & Gas

Kazakhstan's Energy Minister: Plans to increase domestic refining capacity to twice its current level

Kazakhstan's Energy Minister: Plans to increase domestic refining capacity to twice its current level

Oil Shale
02-04-2020

U.S. Shale Company Whiting Becomes First Major Bankruptcy of Oil-Price Crash
Whiting Petroleum Corp filed for Chapter 11 bankruptcy, the U.S. shale producer said on Wednesday, the first publicly traded casualty of crashing crude oil prices that are expected to bite into record U.S. output.
Oil Price
02-04-2020

Iraq's Oil Income Falls by 40 Per Cent in March
Iraqs crude oil income fell by 40 per cent last month.
Crude Oil
02-04-2020

Trump Says world’s Biggest Oil Producers to Meet on Market Crash
President Donald Trump said the US would meet with Saudi Arabia and Russia with the goal of stanching an historic plunge in oil prices.
Oil & Gas Trade
02-04-2020

India's Top Refiner Declares Force Majeure On Oil Imports From Saudi Arabia
Indian Oil Corp (IOC), the country’s biggest refiner and fuel retailer, has declared a force majeure on oil imports from some of its top oil suppliers, including Saudi Arabia, which has been promising a supply surge as of today in the price war it leads w
Crude Oil
01-04-2020

How Russia Is Shedding Its Venezuelan Assets
Russia has set up a wholly state-owned oil company named Roszarubezhneft after Rosneft announced it would exit Venezuela and ditch its Venezuelan assets to a new--as of yesterday--and unnamed company, Reuters reports.
Oil Shale
01-04-2020

The U.S. Can’t Afford To Let Shale Fail
They have seen their market shares erode as the shale boom made the U.S. the world’s largest producer of crude oil.
Oil Price
01-04-2020

The U.S. is About to Lose its Place as the World's Largest Oil Producer
The United States may lose its top spot among oil producers globally this year, according to economists.
LNG
31-03-2020

Australian States May Have to Import LNG as of 2024
According to the AEMO, southern and southeastern Australian states will have to import LNG by 2024 to avoid gas shortfalls on peak winter days, as the southern gas supply is forecast to fall by more than 35% over the next five years.
Crude Oil
31-03-2020

Russia's Largest Oil Producer Halts Operations In Venezuela
Russia’s largest oil producer, Rosneft, has announced that it is halting operations in Venezuela and selling its assets there to a company fully owned by the Russian government.
Oil Price
31-03-2020

U.S. Crude Dips Below US$20 as Lockdowns Wipe Out Demand
Oil prices fell sharply on Monday, with U.S. crude briefly dropping below US$20 and Brent hitting its lowest level in 18 years, on heightened fears that the global coronavirus shutdown could last months and demand for fuel could decline further.
Oil Price
30-03-2020

Oil Crash Puts Africa's Cash-Strapped Producers in Peril
The collapse in oil prices has left African oil producers facing a loss of revenue at a time when they need it most to fight coronavirus.
Oil Field
30-03-2020

Equinor Says Sverdrup Oilfield to Produce More, Faster than Expected
The Johan Sverdrup field is ramping up production at a faster rate than initially expected.
Crude Oil
30-03-2020

US Suspends Plans to Buy Crude Oil for the Strategic Petroleum Reserve
The US administration has suspended plans to purchase US crude oil for the Strategic Petroleum Reserve (SPR), after failing to secure funding from the Congress, and has withdrawn a tender for the first part of its oil purchase programme.
Oil Pipeline
30-03-2020

Putin Approves a New Gas Pipeline to China via Mongolia
Russian President Vladimir Putin on Friday approved the launch of a feasibility study for the Power of Siberia-2 pipeline.
Oil Price
30-03-2020

Calls Mount for New OPEC+ Deal as Oil Prices and Demand Slide
Oil producers need to resume cooperation in an effort to stabilize the global market, Russian and OPEC officials said, as the industry reels from a demand and price collapse caused by the coronavirus pandemic and an emerging price war.
Oil Price
30-03-2020

Russia’s Plan To Bankrupt U.S. Shale Could Send Oil To $60
As soon as U.S. shale leaves the market, prices will rebound and could reach $60 a barrel, Rosneft’s Igor Sechin said recently.
29-03-2020

Saudi Arabia Has Assured India of Uninterrupted LPG Supply: Dharmendra Pradhan
India's oil minister said on Sunday he would continue to supply the country with liquefied petroleum gas.
Oil Price
29-03-2020

After Oil Price Crash, Russia Looks for OPEC Deal
Russian officials were reportedly looking to establish another OPEC+ deal to balance oil markets.
Oil Price
28-03-2020

The Cheapest Way For Trump To Save U.S. Oil
The President of the United States has the power, at his sole discretion without any other authority, to place a fee on imported oil or products.
Oil Price
28-03-2020

Saudi Arabia Says no Talks on New Oil Deal, Moscow Suggests Larger OPEC+
Saudi Arabia said on Friday that it is not in talks with Russia to balance oil markets, despite rising pressure from Washington to stop a price rout, amid the coronavirus pandemic and an attempt by Moscow to fix a rift with the de facto OPEC leader.
Oil & Gas Trade
27-03-2020

Australia's Woodside Slashes $2 bln in Spending, Delays Key Gas Projects
Woodside Petroleum has halved its 2020 spending forecast and delayed the start of two of its biggest gas projects.
Oil & Gas Trade
27-03-2020

Demand Destruction Foils Saudi Arabia’s Plan To Flood Europe With Oil
Saudi Arabia has promised a flood of cheap oil to Europe as it aims to hit its former ally Russia in its own backyard, but it looks like demand for the ultra-cheap Saudi crude doesn’t exist after all.
Market Analysis
27-03-2020

Russia Will Ignore Oil Markets In G-20 Video Summit
The oil market will not be a topic of discussion at the G-20 video summit later on Thursday, the Kremlin spokesman Dmitry Peskov told reporters when asked about the agenda of the summit.
Oil and Gas Technology
26-03-2020

First-of-its-kind Power Plant Utilizes Ethane in Combustion Mix
A new Competitive Power Ventures gas-fired power plant in Pennsylvania.
Market Analysis
26-03-2020

Covid-19 Triggers 20% Drop in Oil Demand
The outbreak of covid-19 could have a major impact on global oil demand.

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